The Renewables Monthly Metals Index (MMI) fell 2.1% this month. (Editor’s Note: This report also includes coverage of grain-oriented electrical steel.)
Tag: Section 232
This Morning in Metals: Aluminum Association reiterates support for Section 232 aluminum tariff exemptions
This morning in metals news, the Aluminum Association sent a letter to U.S. Trade Representative Robert Lighthizer restating its support for exemptions to the Section 232 tariffs on imported aluminum, ground preparation has begun for a new electric vehicle battery cell production facility in Lordstown, Ohio, and the E.U. has disbursed a loan of €75 […]
This Morning in Metals: Steel capacity utilization rate falls to 51.1% last week
This morning in metals news, the U.S. steel sector’s capacity utilization rate fell to 51.1% for the week ending May 2, Cleveland-Cliffs’ AK Steel Dearborn Works will be shuttered, and the U.S. Department of Commerce will self-initiate a Section 232 investigation of imports of laminations and wound cores for incorporation into transformers, electrical transformers, and […]
This Morning in Metals: Ford delays planned restart of North American plants
This morning in metals news, Ford Motor Co. announced it would delay the planned restart of its North American operations, General Motors reported first-quarter sales and Allegheny Technologies Inc. (ATI) cited Section 232 tariffs in its decision to shutter its Midland, Pennsylvania operations. Improve metal purchase timing and mitigate price risk — trial MetalMiner’s monthly […]
Metal users want Section 232 steel tariff relief during coronavirus pandemic
The coronavirus pandemic has made its mark on supply chains, leaving some companies looking for relief. [Any cash influx for your business counts, especially now. View MetalMiner’s recent webinar on how to check if you are eligible for Section 301 tariff refunds and what steps to take to speed up the refund and get a […]
This Morning in Metals: U.S. Steel moves up idling of Gary Works furnace
This morning in metals news, U.S. Steel announced a number of measures in response to the coronavirus crisis and falling oil price, concerns have been raised regarding cleaning procedures at a Michigan steel mill, and Republican senators have asked President Donald Trump to roll back trade barriers amid the coronavirus outbreak. Looking for metal price […]
This Morning in Metals: Federal appeals court upholds Section 232 constitutionality
This morning in metals news, the U.S. Court of Appeals for the Federal Circuit ruled to uphold the constitutionality of the Section 232 statute, President Donald Trump has decided not to impose tariffs on imported titanium sponge and U.S. Steel closed on the purchase of POSCO-California Corporation’s 50% interest in USS-Posco Industries. All the metals […]
Trump expands Section 232 tariffs on steel, aluminum derivatives
Late Friday, the Trump administration announced it would raise the Section 232 steel and aluminum tariffs, originally imposed in 2018, on imports of steel and aluminum derivatives. Looking for metal price forecasting and data analysis in one easy-to-use platform? Inquire about MetalMiner Insights today! “The Secretary has informed me that domestic steel producers’ capacity utilization […]
This Morning in Metals: Section 232 auto tariff deadline passes — with no decision
This morning in metals news, trade experts cited by Reuters say the U.S. might have to find another route to impose tariffs on imported automobiles, Japan’s crude steel output dropped in October and U.S. steel prices have started to show some signs of upward momentum. Need buying strategies for steel? Request your two-month free trial […]
Metal manufacturers, users call for Section 232 sunset provision
More than a year and a half has elapsed since President Donald Trump, leveraging Section 232 of the Trade Expansion Act of 1962, imposed tariffs on imported steel and aluminum of 25% and 10%, respectively. Need buying strategies for steel? Request your two-month free trial of MetalMiner’s Outlook Trump applied the tariffs using the Section […]
